A tranquillo day in the Arabica market, which traded an inside 115 point session, and settled at 91.30, plus 35 points. London consolidated yesterday’s $46 gains and also traded an inside range ending the day down 17 at 1375 basis the July contract. Activity in outrights found paper short term spec focused while the trade, especially in N.Y, were largely sidelined. Total volume of 27,123 lots with 8,659 spreads was true to recent form. The BRL weakened to its lowest level since the 1st of October ($/R 4.02) before stabilizing as the day grew longer, yet the correlation to coffee prices was relatively loosey goosey. The BCOM saw 18 of its 22 member products trading higher so for the day KC was trading directionally at least with the pack.
Write something about yourself. No need to be fancy, just an overview.